swissmediavision | E+ | Getty Images For those who hit the road to travel this summer, there is good news: Gas prices are substantially lower than they were last year. “What a difference a year makes,” said Andrew Gross, a spokesperson for AAA, the motoring and leisure travel membership organization. As of Friday, the national
There have been many schemes to avoid paying taxes. The IRS has, for years, included these schemes and the related frivolous arguments as part of its Dirty Dozen list, reminding taxpayers “that time and again, these arguments have been thrown out of court.” The U.S. Tax Court recently heard yet another case focusing on such
In this article DKNG Follow your favorite stocksCREATE FREE ACCOUNT Omar Marques | LightRocket | Getty Images Sports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet’s U.S. assets, it said on Friday, topping an earlier bid by Fanatics. Fanatics in May agreed to buy the Australian company’s U.S. operations for $150
The Binance logo is displayed on a screen in San Anselmo, California, June 6, 2023. Justin Sullivan | Getty Images Cryptocurrency exchange Binance said it will leave the Netherlands after the company’s application to register under the Dutch crypto authorization regime was rejected. Referring to a virtual asset service provider, Binance on Friday said that
Kate_sept2004 | E+ | Getty Images After the Federal Reserve’s interest rate pause on Wednesday, a fixed income expert covers what to know about bond allocations amid economic uncertainty. “This is an attractive time to start looking at investment-grade credit,” which may provide “good income,” said Sonal Desai, executive vice president and chief investment officer
Boxing rings. Maker spaces. Recording studios. Not long ago, new multifamily building residents were wooed by cutting-edge lifestyle features like these and others. But that was before a work-from-home revolution flipped the amenity quest on its head. Given the need to be as productive from home as they had been in the office, residents began
PGA TOUR logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South on January 29, 2021 in San Diego, California. Ben Jared | Pga Tour | Getty Images The Department of Justice’s antitrust division has informed the PGA Tour it will review the organization’s proposed merger with Saudi-funded LIV
Saudi Foreign Minister Faisal bin Farhan al-Saud (C-R) and Vice Chairman of the Chinese People’s Political Consultative Conference (CPPCC) Hu Chunhua attend 10th Arab-China Business Conference in Riyadh, on June 11, 2023. Fayez Nureldine | Afp | Getty Images BEIJING — Venture capitalists in China that once relied on U.S. investors are now holding court
Singapore’s central business district at dusk. Edward Tian | Moment | Getty Images The Michelin Guide added 17 food stalls and two restaurants in Singapore to its Bib Gourmand list this week. In total, 79 dining establishments in the city-state were named to the list, an increase from 67 last year. The Bib Gourmand category
D3sign | Moment | Getty Images Human psychology and money don’t mix well. Left unchecked, our psyches can easily sabotage financial decision-making, behavioral experts said during a panel discussion at CNBC’s Financial Advisor Summit. “We’re all crazy when it comes to money,” said Brad Klontz, managing principal of YMW Advisors in Boulder, Colorado, and
Ethan Miller | Getty Images News | Getty Images Mortgage rates are likely to remain high despite the Federal Reserve’s pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said Fiona Ma, California state treasurer, during the
Last month, the IRS got folks talking when it announced it was launching a pilot program for a free direct online tax-filing service. The announcement was part of a report to Congress offered in response to a mandate in the Inflation Reduction Act of 2022. IRS E-File System According to the report, the IRS has
A woman receives a booster dose of the Moderna coronavirus disease (COVID-19) vaccine at a vaccination centre in Antwerp, Belgium, February 1, 2022. Johanna Geron | Reuters The U.S. Food and Drug Administration‘s independent panel of advisors on Thursday recommended that updated Covid shots for the fall and winter target one of the XBB variants,
In this article BAC Follow your favorite stocksCREATE FREE ACCOUNT A Bank of America branch in New York’s Times Square. Stan Honda/AFP/Getty Images Bank of America has committed to giving more than $500 million in equity investments to minority- and women-led fund managers to support diverse entrepreneurs, the bank announced Thursday in a press release.
The first class suite on Qantas’ ultra-long-range A350-1000. Courtesy: Qantas Long flights are making a comeback. It is one of the clearest signs yet that airlines are betting that the rebound of international travel, devastated in the Covid pandemic, will continue to grow. On Wednesday, Qantas launched service between New York and Sydney with a
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps on Thursday to launch a spot bitcoin exchange traded fund, which has long been a point of contention between crypto advocates and federal
Pavlo Gonchar | Lightrocket | Getty Images Do you think artificial intelligence is being overhyped? Dan Niles, founder and portfolio manager of the Satori Fund, agrees. Well, sort of. The answer to that question really depends on whether you’re talking about the current moment or the long haul, said Niles during a session for CNBC’s Financial
Morsa Images | Digitalvision | Getty Images Saving enough money to comfortably retire later in life may seem like a daunting, out-of-reach goal. But some are challenging themselves to reach that goal even sooner than usual. The FIRE movement — which stands for Financial Independence, Retire Early — is built on the idea that handling
As originally enacted, many Tax Cuts and Jobs Act provisions were set to expire, phase out, or otherwise change between 2017 and 2027 in ways that mostly increase taxes. The Coronavirus Aid, Relief, and Economic Security Act mitigated some of these changes, while the American Rescue Plan Act and the Inflation Reduction Act (IRA) generally
Suppose that you sue (or threaten to sue) your landlord and are about to collect a settlement. But someone mentions taxes, so you want to confirm, you won’t pay taxes on this, right? Wrong. In fact, if you use a contingent fee lawyer like most tenants do, you might end up paying taxes not only